An M & A deal financed by a major UK bank has apparently outsourced legal due diligence work to an Indian law firm, as reported in the Financial Times and picked-up by a law marketing blog.
We have been hearing about an increasing range of litigation support, document review and very basic corporate work going to India, and it is no surprise that India is receiving a share of ever-more-sophisticated legal work. As noted before, this is not for India law work - it is for projects from other countries based on US, UK and other laws. Those of us who have worked on major M & A deals are well-aware of the large revenue streams flowing to law firms from due diligence work handled by junior associates.
Cross-border legal issues, the internationalizing company and cost-effective alternatives to the global law firm
1 comment:
Many countries are providing outsourcing services. But India is a kind of big deal among them. outsourcing to indian companies will always be a good decision. so those who are outsourcing the business functions to indian companies will get 100% benefit
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